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, the spending cuts known as the fiscal cliff, but we are four days away from another financial challenge. that is the debt ceiling. now, compared to reaching your limit on your credit card essentially, treasury secretary timothy geithner said the u.s. is going to reach its borrowing limit on monday. he says, quote, i am writing to inform you that the statutory debt limit will be reached on december 31st, 2012, and to notify you that the treasury department will shortly begin taking certain extraordinary measures authorized by law to temporarily postpone the date that the united states would otherwise default on its legal obligations. there is wiggle room. that is equivalent to two months of borrowing. >>> now to the other financial crisis that could mean higher taxes for all of us. will congress send the country over the fiscal cliff or will they come up with some sort of deal and hit the brakes? the senate returned today hopefully to come up with some kind of deal. dana bash is flling this on capitol hill. i imagine we're all working over the holidays and i fess we're going to be workin
hawaii vacation short to deal with the fiscal cliff. >> really, it's kind of like falling down stairs. we have a dysfunctional congress. >> speaker boehner needs to bring his party along. >> it's pretty clear that he could not bring them along. >> john boehner doesn't seem to have full control of his caucus. >> they were this close. >> the republicans will be blamed. >> they were this close to a solution. >> we're going to head over that cliff. >> i know it's hard for the republicans. the minute those leaders move forward, they get viscerated. >> guns shouldn't be available for anyone, any time, anywhere. >> the conversation still wages on. >> its plan to add more guns to schools. >> a completely dumb-ass idea. >> i don't think the nra is listening. >> you can call it whatever you want to call it. >> congress hasn't confirmed the director of the bureau of alcohol, tobacco and firearms. >> dysfunctional, dysfunctional, dysfunctional congress. >> we're not going to allow what has happened in the past to go on. >> congress has just three business days to pass legislation to avoid going over
Search Results 0 to 1 of about 2